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To: dennis michael patterson who wrote (25595)7/18/2000 10:50:03 PM
From: John T.  Read Replies (1) | Respond to of 42787
 
From the after hours reaction, it does look like Michael Murphy was wrong on MSFT.

However, I've read a few articles about the MSFT earnings and some people are not impressed with MSFT's earnings and conference call. Here's the objections that I hear: (1) earnings from operations are just so-so -- growing at about 15% per year; (2) the only way that MSFT made its numbers was with investment income and MSFT's ability to make its numbers in the future with investment income will diminish now that those assets have been sold off; and (3) MSFT didn't renew its buyback program.

Let's see what happens tomorrow.



To: dennis michael patterson who wrote (25595)7/19/2000 9:27:12 AM
From: eichler  Read Replies (1) | Respond to of 42787
 
dennis,

Ever get one of those mailers from Michael Murphy? I get one every week. They remind me of Football Pick Hawkers....
"Send me your money! Hype, Hype, Hype!" I'm sure the guy can make a good pick here and there, but the hard sell and hype are a real turn-off. Not much class.
But please don't insult Bozo the Clown again! <ggg>
Regards,
Eichler



To: dennis michael patterson who wrote (25595)7/19/2000 10:13:48 AM
From: Chris  Read Replies (1) | Respond to of 42787
 
lightened some more l/t positions.

spx testing 1490